3 min readThe Dow Jones Industrial Average plummeted 1,190 points, more than 4%, on Thursday as economic uncertainty over the spread of the novel coronavirus continued to rattle markets.
The losses mark the worse week for U.S. stocks since the financial crash of 2008. The S&P 500 and Nasdaq each also plunged by more than 4%.community spread of coronavirus in the U.S."Markets move sharply when fear and uncertainty are prevalent, and there is plenty of both right now," Greg McBride, the chief financial analyst for Bankrate.com, said in a statement in response to Thursday's market drops.
McBride added that"investors should maintain a long-term focus and refrain from making decisions with long-term financial ramifications based on short-term volatility." "Friday is payday for many Americans. This week’s 401k contribution will get you a 'sale price' instead of the 'full price' retirement savers were paying just one paycheck ago," McBride said."Economic uncertainty is a reminder to pad your emergency savings just in case. If you feel the need to do something, do that. But leave the retirement account alone."
The Dow's worst performer on Thursday was Microsoft, which fell 7%. The company announced late Wednesday COVID-19-related supply chain disruptions would affect projected revenues tied to the company's personal computing division.Among the other worst performers were Dow Inc., Apple, Intel Corp. and Exxon Mobil Corp., all of which fell by more than 6%.
Keep diving a Dow you can come back up after Trump is gone.
Mr POTUS realDonaldTrump shouldn't let this happen. He's d only one wt d magic mind that took d market up & I won't accept anything or anyone else bringing it down without his authority. Trump shouldn't allow this happen
Bush crash destroyed millions of lives.
Investors better go back to 20th century basics 😂😂😂😂
As long as it hurts disney
Yup...sad. Hopefully it gets better. But its going to take some time... Hopefully we all get by
Omg it’s only 6000 above Obama’s average
Correction or a crash?
At least realDonaldTrump calmed the markets yesterday. Stable genius.
The markets are rattled by the COMPLETE INCOMPETENCE of Trump / Pence to handle the looming Coronavirus Pandemic.
BENGHAZI
Trump has nothing to do with this!! It’s the MSM that has scared the crap out of people. If anyone is to blame it’s China with its mixing of wild animals with people in urban open air markets. Zoonotic transmission..look if up.
Turkey has opened its door for migrants that wish to head to Europe. Turkey has opened all the doors to Europe from the sea and land borders.
Leftists in America rejoicing...
Basically, buy now.
If you have some money, it is time to buy.
Turns out that Press Conference did nothing BUT SCARE EVERYONE.
Thanks Trump November coming soon
The house of cards is crumbling
'I'm better at being president when I inherit a stock market that's trending up and nothing bad happens that I can't control or lie my way out of. That's when I'm tremendous.'
the cotitation of dow jones low your money DowJones
401k
Oh dang 🤣 get ready to make some money 😁
Here’s today’s date...
It was a sham market before coronavirus. Don't use that as an excuse.
Thoughts and Prayers
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